Single-family home at 23-31 37th St., Long Island City, fetches highest price in public administrator’s auction, going way over its minimum.
The auction Wednesday of 15 apartments and single-family homes in an estate sale by Queens Public Administrator Lois Rosenblatt will add $6.012 million to the city’s coffers.
All of the properties remaining after three apartments were routinely withdrawn before the event, which was held in the State Supreme Court building in Jamaica, found buyers.
Proceeds exceeded by $1.6 million the total of $4.412 minimum prices set by the public administrator, or 36 percent.
Although a Long Island City house that had been withdrawn from previous sales twice received the highest winning bid, $935,000, a Woodside house that went for $315,000 registered the biggest percentage gain over the minimum.
The Long Island City property went for $935,000, 39 percent above the minimum, but the winning offer of $575,000 for the Woodside house soared 83 percent higher than its minimum.
Minimum (upset) prices, which are set by Rosenblatt at 25 percent below the appraised value, for the homes kept in the auction ranged from a low of $62,000 to $675,000 for that house in Long Island City.
Below are the properties with successful bids in bold following the minimum amounts:
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Estela Alvarez | 90-11 35th Ave., Apt. 3C Jackson Heights see details |
$86,000/$131,000 |
|
Madeleine Burton | 37-45 84th St., Apt. 41 Jackson Heights see details |
$175,000/$185,000 |
|
Victoria Datcu | 32-22 92nd St., Apt. D106 Jackson Heights see details |
$64,000/Withdrawn |
|
Shirley Katz | 251-57 61st Ave., Apt. 715 Little Neck see details |
$146,000/$176,000 |
|
Floyd Williams | 112-19 34th Ave., Apt. 4G Corona see details |
$84,000/Withdrawn |
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Frances and Thomas Cammarata |
69-62 43rd Ave. Woodside see details |
$315,000/$575,000 |
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Gloria Cozzie and Lena Barone |
1570 68th St. Brooklyn see details |
$500,000/$675,000 |
|
Ingeborg Curley | 35-20 Leverich St., Unit 746 Jackson Heights see details |
$240,000/$265,000 |
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Victoria Datcu | 79 Wood Ave. Monticello see details |
$62,000/$78,000 |
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Benjamin Durante | 93-21 209th St. Queens Village see details |
$250,000/$250,000 |
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Helen Faluotico | 60-40 69th Pl. Maspeth see details |
$435,000/$635,000 |
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George Miller | 2 South Country Rd. Westhampton see details |
$461,000/$461,000 |
|
Rita Morresi | 79-04 19th Rd., Unit B2 Jackson Heights see details |
$172,000/Withdrawn |
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Meta Noreika | 271-16 77th Ave. New Hyde Park see details |
$322,000/$413,000 |
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Jose Pesantes | 111-44 145th St. Briarwood see details |
$75,000/$153,000 |
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Charles Russ, Jr. | 41-05 Roosevelt Ave. Woodside see details |
$345,000/$540,000 |
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Anna Verde | 23-31 37th St. Long Island City see details |
$675,000/$935,000 |
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JosephLinsmaier | 71-28 68th St. Glendale see details |
$325,000/$540,000 |
The results of the sale are impressive, echoing a recent city auction in Brooklyn. By comparison, auctions in Manhattan have struggled either to sell off each of the available properties or obtain notable results for those that did find buyers.
However, a public administrator auction with Manhattan properties likely to be popular with bidders may well tell a different story on June 28.
Tomorrow: Weekly Roundup
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Malcolm Carter
Licensed Associate Real Estate Broker
Senior Vice President
Charles Rutenberg Realty
127 E. 56th Street
New York, NY 10022
M: 347-886-0248
F: 347-438-3201
Malcolm@ServiceYouCanTrust.com
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